Criminal Finances Act

Course Overview

The Criminal Finances Act 2017 targets corruption, money laundering and tax evasion. It aims to recoup more criminal assets and is part of the government’s strategic approach to reducing financial crime.

The Criminal Finances Act sets out offences that hold corporations and partnerships criminally liable when they fail to prevent their employees, agents, or others who provide services on their behalf from criminally facilitating tax evasion. This is a significant change from the previous legislation under which they can only be found liable for criminally facilitating tax evasion if the most senior members of the organisation (typically the board of directors) are aware of the facilitation.

This new course is appropriate for anyone working in or for UK organisations.

Learners will be able to describe what tax evasion is and understand some of the impacts of tax evasion and also be aware of what they must and must not do in the workplace. The course will also give learners the confidence and knowledge that they need to understand the importance of reporting suspected tax evasion and the possible consequences of failing to report. The course also will show learners how to raise a concern.

Learning Outcomes:

• Be able to describe what tax evasion is
• Be aware of what they must and must not do in the workplace
• Be able to describe the offences created by the Act
• Understand the requirements of the Act
• Be able to explain some of the key terms used in the Act
• Be able to describe some of the warning signs of possible tax evasion
• Understand the six principles of reasonable prevention procedures
• Understand the importance of reporting suspected tax evasion and the possible consequences of failing to report

Target Audience

All employees